Monday, Jun. 26, 1950
Breathing Spell?
The bull market got its hardest jolt in five months. In three days last week the Dow-Jones industrial average dropped from its so-year peak of 228.38 to 222.44, just about where it was before the fast climb a fortnight ago. Most traders thought the slump a healthy sign, since it failed to produce any heavy selling. In fact, the volume of trading dropped off each day the market fell. Since the rest of the economy was still running at high speed, the bulls were still unworried.
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